Banking Category Banking: the easy, simple banking guide

How to claim a deceased relative's money

When relatives die, they may die with money owed to them which they haven't yet collected, as well as funds in their bank accounts. If you are the executor of your relative's estate, or your relative's legal heir, you are entitled to claim this money. Examples of money belonging to a deceased relative which you may be entitled to claim include insurance refunds, final paychecks, utility deposits and money in bank accounts.

Obtain copies of the official death certificate. You will need to supply a copy of the death certificate at the time of your claim, in order to prove your relative is truly dead.

Obtain Letters from the court, certifying that you are the executor or executrix of your relative's estate and have authority to act on behalf of the estate. These letters are legal documents which are issued by a judge when the will is probated that must be presented to banks, utility companies, stock companies and other entities holding money for your deceased relative.

Notify the organisation in possession of your relative's money that you wish to make a claim. If this is a bank account, you may need to present yourself in person to the bank, or send a certified letter with copies of the death certificate and Letter Testamentary. If the money is in the form of a check, then the bank or other organisation may reissue the check, payable to the estate of your deceased relative.

About the Author

Cynthia Myers is the author of numerous novels and her nonfiction work has appeared in publications ranging from "Historic Traveler" to "Texas Highways" to "Medical Practice Management." She has a degree in economics from Sam Houston State University.

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